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CFTC Risk Disclosure
Statement
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THE RISK OF LOSS IN TRADING
COMMODITIES CAN BE SUBSTANTIAL.
YOU SHOULD THEREFORE CAREFULLY
CONSIDER WHETHER SUCH TRADING
IS SUITABLE FOR YOU IN LIGHT
OF YOUR FINANCIAL CONDITION.
THE HIGH DEGREE OF LEVERAGE
THAT IS OFTEN OBTAINABLE
IN COMMODITY TRADING CAN
WORK AGAINST YOU AS WELL
AS FOR YOU. THE USE
OF LEVERAGE CAN LEAD TO
LARGE LOSSES AS WELL AS
GAINS.
In some cases, managed commodity
accounts are subject to
substantial charges for
management and advisory
fees. It may be necessary
for those accounts that
are subject to these charges
to make substantial trading
profits to avoid depletion
or exhaustion of their assets.
The disclosure document
contains a complete description
of the principal risk factors
and each fee to be charged
to your account by the commodity
trading advisor ("CTA").
The regulations of the commodity
futures trading commission
("CFTC") require that prospective
customers of a CTA receive
a disclosure document when
they are solicited to enter
into an agreement whereby
the CTA will direct or guide
the client's commodity interest
trading and that certain
risk factors be highlighted.
This document is readily
accessible at this site.
This brief statement cannot
disclose all of the risks
and other significant aspects
of the commodity markets.
Therefore, you should proceed
directly to the disclosure
document and study it carefully
to determine whether such
trading is appropriate for
you in light of your financial
condition. You are encouraged
to access the disclosure
document by clicking the
links provided AT
Forms.altavra.com.
You will not incur any additional
charges by accessing the
disclosure document. You
may also request delivery
of a hard copy of the disclosure
document at
formsbymail.altavra.com,
which will also be provided
to you at no additional
cost. The CFTC has not passed
upon the merits of participating
in any of these trading
programs nor on the adequacy
or accuracy of any of these
disclosure documents.
Other disclosure statements
are required to be provided
before an account may be
opened for you.
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Portfolio Diversification:
Stability and Transparency
of the Global Futures
Industry |
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Managed futures
accounts, like all
other accounts of
customers doing
business through
a U.S. exchange,
must be executed
by and carried on
the books of a “clearing
member” (a brokerage
firm or futures
commission
merchant (FCM) that
holds a membership
in an exchange’s
clearing organization). Once a trade between
two clearing members
is matched by the
exchange, the rights
and obligations
under the futures
or options contract
do not run between
the original buyer
and seller; instead,
they are between
the seller and the
clearing organization.
An exchange’s clearing
organization guarantees
performance on every
contract to each
of its clearing
members.
Although each exchange’s
clearing function
operates somewhat
differently, at
minimum they all
ensure that there
are sufficient resources
to meet obligations
by:
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::
collecting
performance
bonds;
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::
marking
contracts
to the
market
at least
once
daily;
and
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::
establishing
capital
requirements
and
maintaining
minimum
financial
standards
for
clearing
members.
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THE RISK OF
TRADING FUTURES,
OPTIONS AND
OFF-EXCHANGE
FOREX CAN BE
SUBSTANTIAL.
PAST RESULTS
ARE NOT NECESSARILY
INDICATIVE OF
FUTURE RESULTS.
Disclosure Statement
Download Page
Print Page
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find what you were
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Contact us at 1-800-998-7870
or
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